UGC candidates, show some promptness! National Testing Agency (NTA) has released the UGC NET Application Form 2024 with the last date i.e. 10th December 2024. The syllabus has been released with the official UGC NET 2024 notification for 85 subjects.
UGC NET Economics Syllabus 2024 has also been released for the candidates who have chosen Economics as their main subject. Candidates must have started exam preparation for UGC NET exam. UGC NET Economics Syllabus 2024 will help the candidates to understand the topics in detail. Here we are going to provide UGC NET Economics Syllabus 2024 important topic-wise sections to get better results.
UGC NET Economics Syllabus & Exam Pattern 2024
UGC NET Economics exam will be conducted for 150 questions of 300 marks which will be completed in 3 hours. There will be 2 papers without any negative marking. Here we understand the details of UGC NET Economics Exam Pattern 2024
| UGC NET Economics Syllabus & Exam Pattern 2024 | |
| name of exam | UGC NET |
| types of questions | Multiple Choice Questions (MCQ) |
| number of papers |
|
| total marks | Paper I- 100, Paper II- 200 |
| number of questions | Paper I – 50, Paper II – 100; total 150 questions |
| time period | 3 hours |
| negative marking | No |
UGC NET Economics Syllabus 2024 Paper II Marking Scheme
UGC NET exam will be conducted in 2 papers without any break. Candidates who are preparing for UGC NET Economics exam must be aware of the exam marking system. UGC NET Economics exam question pattern will be in the form of multiple choice questions which has to be completed in 3 hours. The following instructions will help the candidate to understand the UGC NET Economics exam marking scheme.
- Correct answer marking: 2 marks will be given for the correct answer
- Wrong answer marking: There will be no negative marking for wrong answers
UGC NET Economics Syllabus 2024 Minimum Qualifying Marks
NTA conducted this examination at various centers across India. The minimum qualifying marks of UGC NET Economics are given category-wise in the table below. The details of minimum qualifying marks of UGC NET Economics are given below:
Social class |
qualifying marks |
General |
40% |
OBC, SC, ST |
35% |
UGC NET Economics Syllabus Paper II
Here we are providing a detailed syllabus of UGC NET Syllabus for Paper II of Economics subject which is mentioned section wise in the table below.
Unit-1: Micro Economics
- theory of consumer behavior
- Theory of Production and Cost
- Decision Making Under Uncertainty Attitudes Toward Risk
- Game Theory – Non-Cooperative Games
- Market structures, competitive and non-competitive equilibria and their efficiency properties
- factor pricing
- general equilibrium analysis
- Efficiency Criteria: Pareto-Optimality, Kaldor-Hicks and Wealth Maximization
- Welfare Economics: Fundamental Theorem, Social Welfare Function
- Asymmetric Information: Adverse Selection and Moral Hazard
Unit-2: Macroeconomics
- National Income: Concepts and Measurement
- Determining Production and Employment: Classical and Keynesian Approaches
- consumption function
- investment function
- multiplier and accelerator
- demand for money
- money supply
- IS-LM model approach
- Inflation and Phillips Curve Analysis
- business cycle
- monetary and fiscal policy
- Rational expectations hypothesis and its criticism
Unit- 3: Statistics and Econometrics
- Probability Theory: Concepts of Probability, Distributions, Moments, Central Limit Theorem
- Descriptive Statistics – Measures of central tendency and dispersion, correlations, index numbers
- Sampling methods and sample distribution
- statistical inference, hypothesis testing
- Linear Regression Models and their Properties – Blue
- identity problem
- Simultaneous Equation Models – Recursive and Non-Recursive
- discrete choice model
- time series analysis
Unit-4: Mathematical Economics
- set, function and continuation, sequence, series
- Differential Calculus and its Applications
- Linear Algebra – Matrix, Vector Spaces
- Static optimization problems and their applications
- Input-Output Model, Linear Programming
- Differential and Differential Equations with Applications
Unit-5: International Economics
- International Trade: Basic Concepts and Analytical Tools
- principles of international trade
- international trade under imperfect competition
- Balance of Payments: Structure, Equilibrium and Disequilibrium and Adjustment Mechanism
- Exchange Rates: Concepts and Theory
- Forex market and arbitrage
- Profit from trade, terms of trade, trade multiplier
- Tariff and non-tariff barriers to trade; dumping
- GATT, WTO and regional trade blocs; trade policy issues
- IMF and World Bank
Unit-6: Public Economics
- Market Failures and Remedies: Asymmetric Information, Public Goods, Externalities
- Market Regulation – Collusion and Consumer Welfare
- Public Revenue: Tax and non-tax revenue, direct and indirect taxes, progressive and non-progressive taxation, incidence and effects of taxation
- public expenditure
- Public debt and its management
- Public Budget and Budget Multiplier
- Fiscal policy and its implications
Unit-7: Money and Banking
- components of money supply
- Central bank
- commercial banking
- Monetary policy tools and methodology
- non-banking financial institutions
- Capital market and its regulation
Unit-8: Growth and Development Economics
- economic growth and economic development
- Theories of Economic Development: Adam Smith, Ricardo, Marx, Schumpeter, Rostow, Balanced and Unbalanced Development, Big Push Approach.
- Models of Economic Growth: Harrod-Domar, Solow, Robinson, Kaldor
- Technological progress – intangible and tangible; intrinsic growth
- Economic Development Indicators: PQLI, HDI, SDG
- Poverty and Inequalities – Concepts and Measurement
- Social Sector Development: Health, Education, Gender
Unit-9: Environmental Economics and Demography
- Environment as a public good
- market failure
- Coase Theorem
- Cost-Benefit Analysis and Compensation Criteria
- assessment of environmental goods
- principles of population
- Concepts and measures: fertility, morbidity, mortality
- Age structure, demographic dividend
- life table
- migration
Unit-10: Indian Economy
- Economic Growth in India: Pattern and Structure
- Agriculture: Pattern and Structure of Development, Major Challenges, Policy Responses
- Industry: Growth Pattern and Structure, Major Challenges, Policy Responses
- Services: Pattern and structure of development, major challenges, policy responses
- Rural Development – ​​Issues, Challenges and Policy Responses
- Urban Development – ​​Issues, Challenges and Policy Responses.
- Foreign Trade: Structure and Direction, BOP, Foreign Capital Flow, Trade Policies
- Infrastructure development: physical and social; public Private Partnership
- Land, labor and capital market reforms
- Centre-State Financial Relations and Finance Commission of India; FRBM
- Poverty, inequality and unemployment
UGC NET Economics Syllabus Paper II PDF in Hindi and English
The direct link to download UGC NET Economics Syllabus PDF 2024 in Hindi and English is given below. Candidates can download the UGC NET Economics Syllabus 2024 in both the languages. All candidates can prepare with the important topics and unit-wise detailed syllabus in the PDF given below. The link to download UGC NET Economics Syllabus PDF 2024 is given below:
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